People often always want to get rich quickly, It seems no one can wait 10 years 😬😅 But ask successful people how long it took them to be successful, you won't hear "1 year" or "2 years" very often, so what exactly do you expect? Don't be fooled by quick get-rich-quick offers, rather set goals for the next year, the next 3 years, etc., and then take a step in the right direction every day! Don't miss the next bull run!
Ethereum Classic (ETC) Rallies for Mind-blowing 30% Ahead of Merge Update on Ethereum
Ethereum's hard fork Ethereum Classic, launched back in July 2016, gains an insane momentum on the cryptocurrency market ahead of one of the biggest updates in the history of the "main" Ethereum network.
We shall also see a "great migration" of cryptocurrency miners from Ethereum to alternative networks or Bitcoin as the current hashrate of Ethereum stays at 892 TH/s. Ethereum Classic's hashrate is seeing a large spike in the last 24 hours as mining power reaches 21 TH/s from 19 TH/s.
Source
Ethereum's hard fork Ethereum Classic, launched back in July 2016, gains an insane momentum on the cryptocurrency market ahead of one of the biggest updates in the history of the "main" Ethereum network.
We shall also see a "great migration" of cryptocurrency miners from Ethereum to alternative networks or Bitcoin as the current hashrate of Ethereum stays at 892 TH/s. Ethereum Classic's hashrate is seeing a large spike in the last 24 hours as mining power reaches 21 TH/s from 19 TH/s.
Source
Gary Gensler Outlines What to Expect From SEC on US Crypto Regulation
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained.
“So, we at the SEC, are working in each of those three fields — exchanges, lending, and the broker-dealers — and talking to industry participants about how to come into compliance, or modify some of that compliance.”
“We are also looking at the tokens, the stablecoins, and the non-stablecoins. Separately, we do have discussions with the bank regulators and with our friends and colleagues at the CFTC.”
Source
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has outlined what to expect from the securities watchdog on crypto regulation. “We do have robust authorities from Congress also to use our exemptive authorities that we can tailor investor protection,” he explained.
“So, we at the SEC, are working in each of those three fields — exchanges, lending, and the broker-dealers — and talking to industry participants about how to come into compliance, or modify some of that compliance.”
“We are also looking at the tokens, the stablecoins, and the non-stablecoins. Separately, we do have discussions with the bank regulators and with our friends and colleagues at the CFTC.”
Source
Bitcoin's correlation with Stablecoin supply
🔸 When large amounts of stablecoins are on the sideline relative to crypto's mkt cap, market participants have to chase the rally higher
🔸 When there's a lot of stables deployed but no one left to buy, market runs out of new buyers.
A good reminder to keep track of stablecoin supplies which is inversely correlated to BTC
Source
🔸 When large amounts of stablecoins are on the sideline relative to crypto's mkt cap, market participants have to chase the rally higher
🔸 When there's a lot of stables deployed but no one left to buy, market runs out of new buyers.
A good reminder to keep track of stablecoin supplies which is inversely correlated to BTC
Source
BTC punched through a capitulation structure
🔸 When the contours gets dense under the price it signals a proper bottom formation
Considering this diagrams we're already forming contours under the price which is looking optimistic.
Source
🔸 When the contours gets dense under the price it signals a proper bottom formation
Considering this diagrams we're already forming contours under the price which is looking optimistic.
Source
FUD Alert
🔸The Top 3 in the Bitcoin rich list did not sell all of their Bitcoin
It was transferred to a new address and has return to the number 3 spot
🔸Old address - 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
🔸New address - 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
🔸The Top 3 in the Bitcoin rich list did not sell all of their Bitcoin
It was transferred to a new address and has return to the number 3 spot
🔸Old address - 1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ
🔸New address - 1LQoWist8KkaUXSPKZHNvEyfrEkPHzSsCd
🔸 Retails are accumulating continuously represented by entities with 0.1-1 BTC
🔸 Pink line shows the 90-day change. This can be seen as extraordinary volume based on history
source
🔸 Pink line shows the 90-day change. This can be seen as extraordinary volume based on history
source